FratFiles

• Save Paper

Introduction

Modern organizations believe that their main asset is their people – and their people are the ones that drive them forward and help them gain a competitive edge against their competition. Based on this belief – companies invest a lot of money in the development of their people’s skills. Companies believe that improved skills will help employees improve their individual performance – thus increasing company’s productivity and shareholders’ value. Therefore, companies spend billions of dollars each year on employee training. It is estimated that annual training costs incurred by many organizations today surpass $200 billion mark. These costs cover all types of training – formal as well as informal, on-the-job training. With this kind of high investments in their employees, it comes as no surprise that companies are curious to know if they realize full return on their investments, what kind of return they really realize, and what are the opportunity costs.......

View the rest of this paper...

Approximate Word Count: 2142
Approximate Pages: 9 (250 words per double-spaced page)

Similar Essays

1. Transfer Oftraining
   

   Transfer oftraining. Introduction Modern organizations believe that their
   main asset is their people – and their people are the ...